Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
Less equity than 91% of companies in repair and installation of machinery. Sector median €53,685 · 1,704 companies.
In July 2024, 232 companies had the same profile as DEMEXT has now. Each dot is one company, two years later.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 232 companies, not a prediction for DEMEXT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| DEMEXT Beringen | €69,098 | €12,367 | -2.5% | - |
| Splash Kalmthout | €48,113 | €14,496 | -20.1% | - |
| Willems Equipment Olen | €45,385 | €9,688 | 52.4% | - |
| HeyTech Geel | €53,026 | €10,321 | 40.8% | - |
| DPS SERVICES Jodoigne | €55,576 | €19,054 | 8.5% | - |
| RV Custom Tessenderlo-Ham | €48,220 | €19,176 | 31.6% | - |
| Karertech As | €64,246 | €17,468 | 27.2% | - |
These companies have the same main activity as DEMEXT: repair and maintenance of machinery (NACE 33120). They are comparable in size and age: total assets between €45,400 and €64,200, founded between 2023 and 2025.
The 2025 annual accounts show negative equity (-€1,724) and a net result of -€4,724. Its solvency ranks better than 9% of 1,703 sector peers (NACE 33, financial year 2025).
The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €94,000. Estimated: probably between €43,000 and €230,000.
Higher than 9% of 1,703 companies in 2025.
Higher than 14% of 1,665 companies in 2025.
Higher than 11% of 1,670 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
69,098 | |
20 |
4,346 | |
21/28 |
10,611 | |
22/27 |
10,611 | |
23 |
3,881 | |
24 |
6,731 | |
29/58 |
54,141 | |
3 |
31,513 | |
30/36 |
31,513 | |
40/41 |
13,659 | |
40 |
13,646 | |
41 |
13 | |
54/58 |
8,969 | |
| Balance sheet: equity and liabilities | ||
10/49 |
69,098 | |
10/15 |
-1,724 | |
10/11 |
3,000 | |
14 |
-4,724 | |
17/49 |
70,823 | |
42/48 |
70,823 | |
44 |
10,865 | |
440/4 |
10,865 | |
45 |
6,107 | |
450/3 |
4,107 | |
454/9 |
2,000 | |
47/48 |
53,851 | |
| Income statement | ||
9900 |
12,367 | |
62 |
8,193 | |
630 |
7,884 | |
640/8 |
542 | |
9901 |
-4,251 | |
75/76B |
100 | |
75 |
100 | |
65/66B |
573 | |
65 |
573 | |
9903 |
-4,724 | |
9904 |
-4,724 | |
9905 |
-4,724 | |
| Appropriation of the result | ||
9906 |
-4,724 | |
| Document | ||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 08-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00142624 |
| Line | Trend | 2025 |
|---|---|---|
| 3,632 | ||
| 3,159 | ||
| 17,972 | ||
| -16,681 | ||
| -2.5% | ||
| 0.76 | ||
| 0.32 | ||
| -6.8% | ||
| 6.34 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 |
|---|---|
| Tangible fixed assets | €17,972 |
| €7,884 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Equity is negative. Debt (€70,823) exceeds the balance-sheet total (€69,098).
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DEMEXT has no parent and no holdings in its annual accounts. is the only director. DEMEXT shares no director with another company.
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| GARAGE COX
registered office since 04-11-1988 · founded in 1988 |
total assets €311,080 (2025) 0435.557.120 |
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Sources: Publications in the Belgian Official GazetteFilings with the National Bank
DEMEXT was incorporated on 11 December 2024 as a private limited company by one natural person, with a starting capital of €3,000.12 The registered office was moved to Beringen in 2026.3 is director of the company, appointed by deed of 13-12-2024.2
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| Establishment | Since | Unit number |
|---|---|---|
| Beverlosesteenweg 302 registered office 3583 Beringen | ||
| De Machine Expert Beverlosesteenweg 306, 3583 Beringen | 11-12-2024 | 2.367.203.539 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71049B0333/00B002 | 2,870 m² | 1 · 681 m² | 9.4 m · 2 |
| 71049B0333/00C002 | 754 m² | 1 · 471 m² | 9.9 m · 1 |
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